3-6: MathXL for School: Practice & Problem Solving Due
6.PS-16
Question Help
Challenge You have 2 different savings accounts. For Account A, the simple interest earned after
months is $1.60. For Account B, the simple interest earned after 15 months is $17.25. If the interes
rate is 3.2% for Account A and 2.3% for Account B, how much is the principal in each account? Wh
account earned you the most interest the first month? Explain your answer.
Account A has a principal of $. (Round to the nearest dollar as needed.)